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Posted on: May 14, 2019

COUNCIL SETS PROPERTY TAX RATE

property-tax

Town Council approved Cochrane’s 2019 property tax rates.

The municipal tax portion of the property tax bill will increase by 2.78% on the average single-family home, assessed at $479,000. Actual property tax amounts will vary depending on assessed value. This will result in an increase of $5.08 in municipal property taxes per month on the average single-family home.


Property taxes
on average single-family dwelling assessed at $479,900

2018

2019

$ change

Municipal taxes

$2,190

$2,251

+ $61

Education/Rocky View Foundation taxes

$1,232

$1,232

$0

Total property taxes

$3,422

$3,483

+$61


Total Town expenditures in the 2019 budget are $63.5 million. Of this, $27.5 million or 43% is funded by municipal taxes.

“From the upkeep of roads and parks, to police and emergency services, this budget ensures we are able to deliver the services necessary for the maintenance of our infrastructure and sustainability of our town,” said Mayor Jeff Genung.

On the annual property tax bills, the Town also collects provincial education taxes and the Rocky View Foundation requisition to support the Big Hill Seniors Lodge. As a result of the recent election, the Province has not yet provided the requisition amount for education taxes. This amount will be provided to Alberta municipalities in the fall. Any required corrections will be reflected in the 2020 education taxes amount.

Property tax notices will be mailed on May 29. Payment is due on Friday, June 28. Property tax payment can be made at the RancheHouse, online, at your financial institution, by mail, or through the tax installment payment plan.

Find more about municipal taxes on cochrane.ca/Taxes.

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